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FTSE 250 movers: Housebuilders crumble, Sirius soars

Tue, 09th Apr 2019 14:56

(Sharecast News) - London's FTSE 250 index was 0.34% lower at 19,449.99 in afternoon trade on Tuesday, as housebuilders and construction outfits pulled the index lower amid continued Brexit confusion.Galliford Try, McCarthy & Stone, Crest Nicholson and Bovis Homes were all lower, alongside construction company Kier Group, company as the Brexit uncertainty rumbles on, with Theresa May bustling around Europe in an attempt to secure an extension and avoid a no-deal Brexit.Stagecoach also dropped as HSBC analysts cut the stock's price target from 165p to 135p, arguing that the transport operator is now "unduly dependent" on the UK and winning rail business."For now, Stagecoach is left looking to UK Bus for any growth, having not found sufficiently attractive international growth opportunities outside North America. But growth in UK Bus will be hard to come by. The big cuts to earnings forecasts now seem, thankfully, to be a thing of the past, but fuel headwinds are turning and SGC will have to run hard to stand still. Growth is being driven by pricing, which management thinks it can still push further," said analysts.At the other end of the pitch, Sirius Minerals soared as its funding deadline approached. The company is aiming to tie up the next round of funding for its $3bn potash project in North Yorkshire by the end of April.Restaurant Group climbed after Citigroup upgraded it from 'sell' to 'neutral' as analysts argued that further downsides should be limited after the fallout from its Wagamama acquisition and the departure of its chief executive.Finally, Sports Direct climbed despite the fact that Debenhams called in administrators after refusing to accept a last-minute lifeline from the sportswear retailer's owner, .Neil Wilson, chief market analyst at Markets.com, said: "Takeover rules mean Mike Ashley and Sports Direct have until 22 April to make a bid, but it does rather seem the die is cast as the board is set to file for administration today. The entire saga has been rather acrimonious and it does look like the Debs board was never going to accept any proposal from Ashley, whatever he was prepared to do for the company."Market MoversFTSE 250 (MCX) 19,449.99 -0.34%FTSE 250 - RisersSirius Minerals (SXX) 24.44p 10.69%Amigo Holdings (AMGO) 232.00p 5.22%Bakkavor Group (BAKK) 135.40p 4.80%Morgan Advanced Materials (MGAM) 266.20p 3.74%Contour Global (GLO) 199.80p 3.20%IntegraFin Holding (IHP) 364.00p 2.71%Restaurant Group (RTN) 114.80p 2.59%Sports Direct International (SPD) 288.20p 2.56%Provident Financial (PFG) 521.80p 2.43%GVC Holdings (GVC) 594.00p 2.13%FTSE 250 - FallersKier Group (KIE) 322.14p -5.48%888 Holdings (888) 155.70p -3.89%Galliford Try (GFRD) 675.35p -3.38%McCarthy & Stone (MCS) 125.60p -3.09%Stagecoach Group (SGC) 133.20p -2.92%Crest Nicholson Holdings (CRST) 373.20p -2.86%Mitchells & Butlers (MAB) 264.76p -2.84%Premier Oil (PMO) 99.77p -2.76%Bovis Homes Group (BVS) 1,075.00p -2.18%Ted Baker (TED) 1,479.00p -2.18%
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12 Mar 2019 16:58

LONDON MARKET CLOSE: Pound Slides Ahead Of May's Likely Brexit Defeat

LONDON (Alliance News) - London stocks ended higher on Tuesday amid a volatile session for the pound, which was trading below the USD1.31 mark ahead of UK Prime Minister Theresa May's likely a

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12 Mar 2019 12:03

LONDON MARKET MIDDAY: Pound Falls Back Near USD1.30 Before Brexit Vote

LONDON (Alliance News) - The FTSE 100 was on course for a second session of gains on Tuesday as the pound had a volatile day tracking the latest Brexit updates, sinking sharply after the UK's

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12 Mar 2019 10:36

WINNERS & LOSERS SUMMARY: Sirius Minerals Gains On Financing Offer

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - WINNERS----------Lloyds up

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12 Mar 2019 08:53

LONDON MARKET OPEN: Strong Pound Sends FTSE 100 Lower Ahead Of Vote

LONDON (Alliance News) - Stock prices in London opened mixed on Tuesday, as a surge in the pound overnight hampered gains in the FTSE 100, amid rising expectation that UK Prime Minister Theresa be

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12 Mar 2019 08:14

Sirius Minerals Gets New Financing Proposal For Woodsmith Mine

LONDON (Alliance News) - Shares in fertiliser firm Sirius Minerals PLC rose early Tuesday as it said it is exploring an alternative financing agreement for its massive Yorkshire mine.Shares

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12 Mar 2019 08:10

Sirius Minerals receives major new loan proposal

(Sharecast News) - Sirius Minerals says has received a conditional proposal from a major global financial institution in respect of the £3.5bn "stage 2" financing that would potentially fund its Yorkshire polyhalite mine through to production.

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22 Jan 2019 09:49

Sirius Minerals Tweaks Financing Terms To Lower Risk To UK Taxpayers

LONDON (Alliance News) - Sirius Minerals PLC on Tuesday outlines changes to the USD3 billion stage 2 debt financing for its Yorkshire fertilizer mine to modify risk allocation amongst various is a

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22 Jan 2019 08:21

Sirius Minerals adjusts terms of $3bn funding round for Yorkshire project

(Sharecast News) - Fertiliser producer Sirius Minerals said it was adjusting the terms of a planned $3bn (£2.3bn) funding round for its Yorkshire polyhalite project to reduce risk.

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7 Dec 2018 14:42

FTSE 250 movers: Oilers rise on OPEC agreement while Sirius dives

(Sharecast News) - London's FTSE 250 was up 1.15% at 17,957.43 in afternoon trade on Friday, as oilers powered upward on the back of an OPEC decision to cut production.

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22 Nov 2018 13:37

Thursday broker round-up

(Sharecast News) - Royal Mail: RBC Capital Markets upgrades to sector perform with a target price of 500p.

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5 Nov 2018 10:57

WINNERS & LOSERS SUMMARY: Micro Focus Rises On Outlook And Buyback

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------Micro Focus up

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27 Sep 2018 10:45

WINNERS & LOSERS SUMMARY: Indivior Woes Continue After Guidance Cut

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - up 1.8%. The Anglo-German travel operator said

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27 Sep 2018 09:34

Sirius Minerals makes progress at Woodsmith, flags further funding requirement

(Sharecast News) - Sirius Minerals updated the market on its progress for the quarter to 30 September on Thursday, reporting that its focus project, the Woodsmith Mine in North Yorkshire, remained on track to deliver first polyhalite and commercial production on time.

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27 Sep 2018 09:26

Sirius Minerals Narrows Loss On Expenses, Woodsmith Mine On Schedule

LONDON (Alliance News) - Polyhalite mining company Sirius Minerals PLC on Thursday said its loss narrowed in the first half of the year due to operating cost and finance expense the six months to

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